Last updateTue, 19 Mar 2019 7pm

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GIA collaborates with Princeton University on Advanced Diamond Research

GIADiamonds a key component in highly secure quantum communications network

(CARLSBAD, Calif.) - Scientists at Princeton University called on GIA’s (Gemological Institute of America) expertise in gemological research and the analysis of optical centers to evaluate how to use the unique properties of diamonds to create a highly secure communications network.

JA Legislative Update on Supreme Court decision on Sales Tax Fairness

judge gavel eIn a landmark decision announced June 21, the United States Supreme Court took a major step toward sales tax fairness when it voted to overturn a 1992 judgement (Quill Corp v. North Dakota) that was creating an uneven playing field on sales taxation for traditional and online sellers by prohibiting states from collecting sales taxes from sellers that do not have a physical presence in-state, i.e. e-commerce businesses.

Clienteling tips from GN Diamond

GN cover

GN Diamond believes in continuing education and training for our retail partners and their staff. We’d like to discuss clienteling and how important it is for retailers to make the buying experience for their clients as easy as possible. Building a rapport with a customer is not only vital to the initial sale, but to the many future sales that may result and the potential for an increase in referrals.  As high as 70% of your clients come from referrals. The closing percentage on this referral business may be as high as 60%. 

Jewelers bring industry messages to Capitol Hill

JA websiteJA members met with key lawmakers during annual advocacy visit

(NEW YORK) - The Jewelers of America Political Action Committee (JAPAC) led a delegation of jewelers to Washington, D.C., on Wednesday, June 20, for the eighth consecutive year. The group met with lawmakers less than 24 hours before the U.S. Supreme Court announced a key decision on sales tax fairness, overturning the Quill decision that established the current system under which states are prohibited from collecting sales taxes from sellers that do not have a physical presence in-state, clearing the way for sales tax fairness to be established.

IDEX reports China cuts tariffs on 18 jewelry categories

idexonline financial general

(IDEX Online) – China will be slashing import taxes on jewelry, as part of tariff reductions on a wide range of consumer goods, as of July 1.

The Customs Tariff Commission of the State Council in China issued the "Notice on Reducing the Import Tariffs of Daily Consumer Goods" last week. According to the notice, China will cut Most Favored Nation (MFN) tariffs for daily consumer goods involving 1,449 tax items starting July 1.